M&A - DELAWARE GROUP STATE TAX-FREE INCOME TRUST

Form Type: 497K

Filing Date: 2025-06-18

Corporate Action: Merger

Type: Update

Accession Number: 000113743925000794

Filing Summary: Macquarie Group Limited, along with affiliates and Nomura Holding America Inc., has announced an agreement for Nomura to acquire Macquarie Asset Management's US and European public investments business. The completion of this merger will automatically terminate the investment advisory agreements with Delaware Management Company (DMC) for each Macquarie Fund. The Board of Trustees has approved a new investment advisory agreement to take effect pending shareholder approval at a special meeting, where proxy materials will be sent to shareholders as of a yet-to-be-determined record date. Additionally, an interim agreement has been approved for DMC to manage funds until the new agreement is confirmed. The names of various funds will change to reflect Nomura's branding upon completion of the transaction. Further details will be provided in future fund supplements and proxy statements.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000113743925000375

Filing Summary: On April 21, 2025, Macquarie Group Limited announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close by the end of October 2025. This acquisition will lead to the automatic termination of each Fund's investment advisory agreement with Delaware Management Company. Subsequently, the Board of Trustees will need to approve a new investment advisory agreement which, if approved, will be presented to Fund shareholders.